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20130101
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KRON (MyNetworkTV) 8
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Search Results 0 to 14 of about 15
, cbs 5. >> thank you. >>> this afternoon, president obama will meet with congressional leaders in the latest effort to find a way out of a budget impasse. but as cbs reporter tara mergener tells us, it's not even clear if there's enough time to get a bill through congress before january 1. >>> reporter: the "fiscal cliff" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new
obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want to extend the bush-era tax cuts to everyone except those americans making $250,000 or more a year. many republicans are against any tax increases. most americans just want something to be done. >> people a
with a deadline for the fiscal cliff now just four days away. >> president obama meets later today with congressional leaders in one last effort to make a deal before the deadline. major garrett is at the white house. good morning. >> reporter: good morning, rebecca and jeff. in just a couple of hours at the white house the president meets with all the key congressional leaders, top democrats harry reid and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff, talks continue between senior white house and co
. >>> this afternoon, president obama will meet with congressional leaders in the latest effort to find a way to avoid the "fiscal cliff." but as cbs reporter tara mergener test us, it's not clear if there is enough time to get a bill through congress before january 1. >>> reporter: the "fiscal cliff" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not -- you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >
in the future. thank you. >>> president obama set to meet with congressional leaders tomorrow to address the "fiscal cliff" crisis. it's coming down to the wire only five days until we tumble over that cliff. as cbs reporter danielle nottingham says progress is slow. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and w
with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van ness avenue. let's take a quick look outside this morning at san francisco. outside this morning at san francisco. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just pre
yesterday with " meet the press ", obama voice about proposals to place armed cars as schools fall in the mass shooting in newtown, conn. that killed 21st graders. >> in his most remarks about gun violence since the deadly assault this city look elementary school, president obama says that he still supports increased background checks and bans on assault weapons and high capacity bullet magazines. >> president obama is endorsing a proposal by the illinois state legislature to legalizing gay marriage. if this is a rare move by a president as most presidents do not weigh in on state legislative matters. chicago state senator heather steans is expected to introduce a gay marriage proposal later this week. if the proposal passes, ill. will become the 10th state to approve same-sex marriage. in the midwest has approved a gay marriage through its legislator. >> we will be right back. >> welcome back. the time is 5:45 a.m.. the top stories we are falling at this hour. two people have been hospitalized after a 2 alarm residential fire in san francisco's excelsior district this morning. the
's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we've been reasonable and respondent. the president is the 1 who's never been able to get to yes. >> what i ran on and what the american people elected me to do was to put fourth a balanced approach. >> despite the ongoing blame game, there is consensus on 1 thing, time is running out. >>> a teenager driver led to the crashed into a concord funeral home this afternoon and police suspected damage was the result of a straight race. it happened around 2:00 this afternoon, during a service. >> all i can tell you is when it happened i turned around, the car was feet from both of us. >>> dave is at the s
leaders will meet with the president to discuss the standoff. obama and congressional democrats want a deal that would let tax rates rise for the wealthiest taxpayers. many republicans remain against any tax increases. the white house meeting would be the first time the president has huddled with all four november 16. the senate is back in session. majority leader harry reid is starting to sound pesimistic. >> reid: "i have to be very honest. i don't know how it can happen now." >> reporter: the house is still on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not clear what legislation it might consider >> mcconnell: "hopefully there is still time. preventable economic crisis." >> reporter: and over the edge is just where the economy may go. im justine waldman for kron 4 news. >> grant: the powerful winter storm that raced across the country this week is not over yet. the storm is dumping several inches of snow in the northeast and midwest. this was the scene in syracuse new york.were residents spent the day dig
wound and no word on what happens i the police station yet. a high-stakes meeting will be held in washington this afternoon as the nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they only have four days to reach an agreement or the u.s. economy will go over the so- called fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a s
-stakes meeting will be in washington this afternoon. president obama and top congressional leaders are looking for common ground to keep automatic spending cuts and tax increases from kicking them. hidden payne has the story. >> reaching a bill will not be easy because both sides are in a blaming game carry it >>. >> i told the president that we will look at whatever he proposes but the truth is is that we're coming up against a hard deadline. as i stated before this is a conversation that we should have had a month ago. >> democrats want to extend the bush era tax cuts. many republicans are against any tax increases. most americans just want something to be done. >> if people are just tired of partisanship. we just want everyone to come together. >> if lawmakers do not come together then this may lead to recession. i am and \ / \ \ / ed payne reporting. >> we will be right back. [ male announcer ] if you're ready to get more from your tv service, now's a great time to get at&t u-verse tv. make the switch. [ female announcer ] call now to get at&t u-verse tv for only $29 a month for 6 months,
days left until the fiscal president obama says he is "modestly optimistic" that a the fiscal cliff.. he met with congressional leaders at the white house today. calling the meeting 'good and constructive. update.saying people just don't understand in just a couple of days people's paychecks are going to be considerably smaller and that would be the wrong the thing to do for our economy and middle- class families and bad for businesses that depend on family spending. >> catherine: if there's no deal by midnight on the 31st. a series of tax hikes and spending cuts will automatically kick in. our political analyst michael yaki is here. we are getting a little bit of the detail what are you hearing? >> the latest news is that they are coalescing around a tax increase only of $400,000 in income. there will also patch the and, and haggling on the estate tax. and possibly the fix for doctor's reimbursement for senior medical services. for medicare. and extending unemployment benefits and also heckling if they're going to continue the $50 billion for domestic defense spending for later. th
. >> in an envious they would meet the press, obama voiced skepticism about proposals a place apart at schools following the mass shooting in newtown, conn. that killed 21st graders. >> i think the american people are skeptical that some how that will solve our problems. >> in his most is difficspecific remarks about gun violence is the deadly assault at sandy hook elementary school president obama says he still supports increased background checks and bans on assault weapons and high- capacity black magazines. >> obama is endorsing a proposal by the illinois state legislator to legalized gay marriage. >> this is a rare move by president. as most presidents do not weigh in on state legislative matters. >> chicago state senator heather steans is expected to introduce a gay marriage proposal later this week. if the proposal passes illinois will become the 10th state to approve same-sex marriage. >>in the midwest that were bruised a marriage for its legislature. >> and reminder the bay area's favorite way to bring in the new year is always with kron 4. >> the biggest part is a spectacular firewor
-stakes meeting will be held in washington this afternoon as the nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. if they have only four days to reach an agreement. the u.s. economy will grow over the so-called " fiscal cliff. " that's when automatic tax increases and spending cuts could take effect. retain a deal before then will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of a house representatives are watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. i told the president that i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline here and as i said this is a conversation we should have made months ago. democrats want to extend the bush era tax cuts to everyone except those americans making too much and $50,000 or more a year. many re
house meeting nancy pelosi said she was encouraged a little. >> but it was constructive and candor is constructive and i think it moved us forward. well see. >>reporter: republicans blame president obama for the collapse of a bigger deal which would have cut spending and reduce the debt. >> it is the president's responsibility to layout a plan and to bring people together. >>reporter: tonight senate majority leader reid and senate republican leader mcconnell agreed to spend the weekend working on plan that will be able to pass both chambers of congress. in assessing the impact of the cuts we relied on the study from george mason university taking a broad look at where the cuts would come. drill down into specifics we call head start program. we called health care centers and laboratories and anybody who would rely on federal money this might be cut and what we were told universally is that nobody really had an idea of which programs would be cut and which programs would be spared. they are all waiting for the word from congress. like the rest of us. 7 news. >> and we wait. w
Search Results 0 to 14 of about 15